Price to rent 1BR in Cupertino last month slightly less than price for 2B in 2014

Price to rent 1BR in Cupertino last month slightly less than price for 2B in 2014

The average price to rent a one-bedroom home in housing-starved Cupertino last month was just $47 less than the average price of a two-bedroom four years ago, according data released Monday by ApartmentList.com.

The March survey shows the median rent for a 1-bedroom in March 2018 at $4,119 and a two-bedroom at $5,162. Rentals in the city rose 2.3-percent month over month and 5.7-percent year over year, the data showed.

But to put the increase into perspective, consider rental costs in 2014. In March that year, the price for a one-bedroom was just over $3,324, while a two-bedroom was $4,166.

That one-bedroom prices rose to $3,755 in March 2015, $4,026 in March 2016, dipped down to $3,897 in March 2017 before rising again to $4,119 last month.

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